Furniture Handles Market was valued at USD 5.6 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
Looking ahead, the demand for furniture handles from 2023 to 2033 is expected to see even more robust growth. This period will likely witness a surge in demand driven by several emerging trends. The rise of smart homes and technological innovations will play a significant role, as furniture handles integrate with advanced locking and security systems. Additionally, the growing awareness regarding sustainability and eco-friendly materials is expected to drive innovation in the manufacturing of furniture handles, with a shift toward using recycled and sustainable raw materials. The demand for custom-designed handles is also likely to continue to rise, especially in the luxury furniture market. Furthermore, the increasing popularity of minimalist and contemporary design trends is anticipated to drive further demand, particularly for sleek, modern, and functional designs. While challenges like supply chain disruptions and raw material price fluctuations may persist, the overall demand trajectory remains positive. The Asia-Pacific region is expected to witness the fastest growth, driven by the expanding construction and real estate sectors in countries like India and China.
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The furniture handles market has experienced significant growth from 2018 to 2022, with evolving consumer preferences, growing demand for customization, and the increasing trend of home renovation driving the market forward. In this period, there was a noticeable surge in demand for decorative and functional furniture handles, especially in developed regions like North America and Europe. Consumer interest in modern furniture styles, coupled with the rise of online retailing platforms, further bolstered the growth of this segment. The market was also influenced by the surge in demand from the real estate and construction sectors, as furniture handles are essential components in the interior design of residential and commercial spaces. However, the market dynamics were also affected by economic challenges, including fluctuations in raw material costs and trade policies, which slightly hampered market expansion. Despite these challenges, the overall market outlook during 2018-2022 was positive, with steady growth and increased competition among key manufacturers.
Steelcase
Herman Miller
Haworth
HNI Corporation
Okamura Corporation
KI
Teknion
Knoll
Kinnarps Holding
Kimball Office
Steelcase
ITOKI
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Furniture Handles Market
Wardrobe
Door
Others
Based on Types the Market is categorized into Below types that held the largest Furniture Handles market share In 2023.
Metal
Composite
Plastic
Glass
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Furniture Handles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Furniture Handles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Furniture Handles Market, By Type
6. Global Furniture Handles Market, By Application
7. Global Furniture Handles Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Furniture Handles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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